Reported about 7 hours ago
A surge in U.S. jobless claims to a four-year high solidified investor expectations for a Federal Reserve rate cut, leading to record highs for Wall Street's main indices. This rise comes as the market grapples with the implications of Oracle's stock price surge, igniting discussions around a potential bubble in tech and AI stocks. With the Fed indicating a shift towards easier monetary policy, the slide in the dollar and bond yields continues as the economy's growth concerns seemingly take a backseat.
Source: YAHOO